G7 Weighing Tightening Russian Oil Price Cap | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 12:30 PM CST The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as...Continue Reading

Proposals by Tata Steel to build a £1.25bn electric furnace in Port Talbot have been given the go-ahead by a local council. Neath Port Talbot Council’s planning committee on Tuesday approved what amounts to one of the most significant investments made in the UK steel industry in decades. The electric furnace will replace two traditional...Continue Reading

Steep Backwardation in European Diesel | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 11:30 AM CST Europe’s diesel markets are flashing signs of tightness, with near-term diesel contracts on Tuesday hitting the steepest backwardation–a situation where futures contracts for prompt delivery are...Continue Reading

Top U.S. and Russian officials have finished their first talks on ending the war in Ukraine, with Moscow voicing new demands for holding sweeping talks about bringing the nearly three-year conflict to an end. The nearly five-hour meeting in Riyadh is part of a major diplomatic push by the United States to bring the war...Continue Reading

Germany’s Power Prices Dip as Natural Gas Falls amid Ukraine Talks | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 10:30 AM CST Germany’s year-ahead power futures prices fell this week to the lowest level since the beginning of the year amid falling...Continue Reading

Drone Attack Boosts Oil Prices but Upside Remains Limited | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Feb 18, 2025, 10:00 AM CST Oil prices climbed on Tuesday morning following a drone attack on a key Russian oil pipeline. At...Continue Reading

Brazil’s Government Divided on Nuclear Plant 40 Years Under Construction | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 9:30 AM CST The government of Brazil is debating whether the country should complete the construction of a nuclear power plant that has been...Continue Reading

Iraq Eyes Qatari LNG Imports as It Reduces Reliance on Iran | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Feb 18, 2025, 9:15 AM CST Iraq...Continue Reading

Diamondback Boosts Midland Basin Presence With $4-Billion Acquisition | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 8:30 AM CST Diamondback Energy, Inc. (NASDAQ: FANG) on Tuesday announced a deal to buy Double Eagle IV Midco in an acquisition valued at about $4...Continue Reading

Oil prices rose on Tuesday following a Monday drone attack on an oil pipeline in southern Russia, which is the key export route for two-thirds of Kazakhstan’s crude. As of 7:37 a.m. EST on Tuesday, the U.S. benchmark, WTI Crude, traded 0.72% higher at $71.26, while the international benchmark, Brent Crude, was up by 0.13%...Continue Reading